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Kellanova（K）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是Kellanova的1.3倍（$4.4B vs $3.3B），Kellanova净利率更高（9.5% vs 7.6%，领先1.9%），Leidos同比增速更快（3.7% vs 0.8%），过去两年Leidos的营收复合增速更高（3.5% vs -9.0%）
Kellanova前身为知名食品企业家乐氏，是玛氏集团旗下的美国跨国食品制造公司，总部位于美国伊利诺伊州芝加哥。2023年10月2日公司正式启用现名，同步拆分北美谷物业务，独立成立WK Kellogg Co。
Leidos Holdings, Inc.是总部位于美国弗吉尼亚州雷斯顿的企业，业务覆盖国防、航空、信息技术、生物医学研究领域，提供科研、工程、系统集成及技术服务。其前身为科学应用国际公司（SAIC），2016年8月与洛克希德·马丁旗下IT业务板块合并，成为国防行业规模最大的IT服务提供商。
K vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.3倍
$3.3B
营收增速更快
LDOS
高出2.8%
0.8%
净利率更高
K
高出1.9%
7.6%
两年增速更快
LDOS
近两年复合增速
-9.0%
损益表 — Q3 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.4B |
| 净利润 | $309.0M | $335.0M |
| 毛利率 | 33.3% | 17.3% |
| 营业利润率 | 13.9% | 11.5% |
| 净利率 | 9.5% | 7.6% |
| 营收同比 | 0.8% | 3.7% |
| 净利润同比 | -15.8% | -8.2% |
| 每股收益（稀释后） | $0.88 | $2.56 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收KLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | $3.3B | $4.2B | ||
| Q2 25 | $3.2B | $4.2B | ||
| Q1 25 | $3.1B | $4.3B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | $4.2B | ||
| Q2 24 | $3.2B | $4.1B |
净利润KLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | — | $367.0M | ||
| Q3 25 | $309.0M | $391.0M | ||
| Q2 25 | $299.0M | $363.0M | ||
| Q1 25 | $304.0M | $284.0M | ||
| Q4 24 | $365.0M | — | ||
| Q3 24 | $367.0M | $364.0M | ||
| Q2 24 | $344.0M | $322.0M |
毛利率KLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | 33.3% | 18.0% | ||
| Q2 25 | 34.0% | 17.5% | ||
| Q1 25 | 34.3% | 15.6% | ||
| Q4 24 | 37.7% | — | ||
| Q3 24 | 36.4% | 17.8% | ||
| Q2 24 | 36.4% | 16.6% |
营业利润率KLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | 13.9% | 13.5% | ||
| Q2 25 | 13.7% | 12.5% | ||
| Q1 25 | 13.9% | 9.7% | ||
| Q4 24 | 17.0% | — | ||
| Q3 24 | 14.1% | 12.4% | ||
| Q2 24 | 15.4% | 11.6% |
净利率KLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | — | 8.2% | ||
| Q3 25 | 9.5% | 9.2% | ||
| Q2 25 | 9.3% | 8.6% | ||
| Q1 25 | 9.9% | 6.5% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 11.4% | 8.7% | ||
| Q2 24 | 10.8% | 7.8% |
每股收益（稀释后）KLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | — | $2.82 | ||
| Q3 25 | $0.88 | $3.01 | ||
| Q2 25 | $0.85 | $2.77 | ||
| Q1 25 | $0.87 | $2.10 | ||
| Q4 24 | $1.05 | — | ||
| Q3 24 | $1.05 | $2.68 | ||
| Q2 24 | $1.00 | $2.37 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $240.0M | $457.0M |
| 总债务越低越好 | $4.3B | $6.0B |
| 股东权益账面价值 | $4.2B | $5.1B |
| 总资产 | $15.6B | $15.4B |
| 负债/权益比越低杠杆越低 | 1.02× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资KLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $974.0M | ||
| Q3 25 | $240.0M | $930.0M | ||
| Q2 25 | $354.0M | $842.0M | ||
| Q1 25 | $330.0M | $943.0M | ||
| Q4 24 | $694.0M | — | ||
| Q3 24 | $569.0M | $1.2B | ||
| Q2 24 | $272.0M | $823.0M |
总债务KLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | $4.3B | $5.0B | ||
| Q2 25 | $4.3B | $5.0B | ||
| Q1 25 | $5.0B | $4.1B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.1B | $4.1B | ||
| Q2 24 | $5.0B | $4.1B |
股东权益KLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | $4.2B | $4.7B | ||
| Q2 25 | $4.1B | $4.3B | ||
| Q1 25 | $3.9B | $4.4B | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.6B | $4.6B | ||
| Q2 24 | $3.3B | $4.5B |
总资产KLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | — | $13.5B | ||
| Q3 25 | $15.6B | $13.5B | ||
| Q2 25 | $15.9B | $13.2B | ||
| Q1 25 | $15.5B | $13.1B | ||
| Q4 24 | $15.6B | — | ||
| Q3 24 | $15.8B | $13.3B | ||
| Q2 24 | $15.3B | $12.9B |
负债/权益比KLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | 1.02× | 1.07× | ||
| Q2 25 | 1.05× | 1.18× | ||
| Q1 25 | 1.28× | 0.92× | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.40× | 0.88× | ||
| Q2 24 | 1.51× | 0.92× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $503.0M | $301.0M |
| 自由现金流经营现金流 - 资本支出 | $359.0M | — |
| 自由现金流率自由现金流/营收 | 11.0% | — |
| 资本支出强度资本支出/营收 | 4.4% | — |
| 现金转化率经营现金流/净利润 | 1.63× | 0.90× |
| 过去12个月自由现金流最近4个季度 | $599.0M | — |
8季度趋势，按日历期对齐
经营现金流KLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | $503.0M | $711.0M | ||
| Q2 25 | $169.0M | $58.0M | ||
| Q1 25 | $116.0M | $299.0M | ||
| Q4 24 | $467.0M | — | ||
| Q3 24 | $553.0M | $656.0M | ||
| Q2 24 | $376.0M | $374.0M |
自由现金流KLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | $359.0M | $680.0M | ||
| Q2 25 | $21.0M | $36.0M | ||
| Q1 25 | $-60.0M | $213.0M | ||
| Q4 24 | $279.0M | — | ||
| Q3 24 | $410.0M | $633.0M | ||
| Q2 24 | $234.0M | $351.0M |
自由现金流率KLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 11.0% | 16.1% | ||
| Q2 25 | 0.7% | 0.9% | ||
| Q1 25 | -1.9% | 4.9% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 12.7% | 15.2% | ||
| Q2 24 | 7.3% | 8.5% |
资本支出强度KLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.4% | 0.7% | ||
| Q2 25 | 4.6% | 0.5% | ||
| Q1 25 | 5.7% | 2.0% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 4.4% | 0.6% | ||
| Q2 24 | 4.4% | 0.6% |
现金转化率KLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.63× | 1.82× | ||
| Q2 25 | 0.57× | 0.16× | ||
| Q1 25 | 0.38× | 1.05× | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.51× | 1.80× | ||
| Q2 24 | 1.09× | 1.16× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
K
| Retail Channel Snacks | $2.0B | 62% |
| Retail Channel Cereal | $678.0M | 21% |
| Noodlesand Other | $280.0M | 9% |
| Frozen And Specialty Channels | $275.0M | 8% |
LDOS
暂无分部数据
